Stock trading is a high-stakes game. On certain days, you may have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to where you were at your most productive. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll be taking a look at Profit.ly, a well-recognized one-stop social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes After Hours
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed, transparent, accountable, and encouraging each other by offering a wide range of features and tools such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are starting out as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of every trade, something that was never done before.” The idea Sykes said served two goals: 1.) creating public track records for not just the gurus, but also the students and newsletter writers and secondly) making it possible for anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Timothy Sykes After Hours
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed toward the success of their business. It is possible to create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could opt to post your trades, verified or not, via photographs. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as a trader. When he was 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial amounts of money through their years of experience. Timothy Sykes After Hours
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is a great option for those who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes After Hours
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that cater to traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re looking to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you can set up a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their trading skills. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats this could be a problem for some who may be anticipating this level. Timothy Sykes After Hours
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 each month and 22% off for billing annually the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can pick from a range of instructional videos that are created to guide you through the ins and outs of trading. The products listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One might be a laid-back person who is rarely engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able choose from the items from its online store to carry with them wherever they travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading however, experienced traders know how it works and the plethora of risks that it carries. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Timothy Sykes After Hours
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes After Hours
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s array of resources to be helpful as they do their best to incur lesser loss and perform better than before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes After Hours
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the My Trade section of the dashboard that lets you post your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities left and right.